Cushman & Wakefield Earns Upgrade to ‘Ba3’ Rating from Moody’s Ratings, Outlook Stable
Moody's Ratings upgraded Cushman & Wakefield's corporate family rating to Ba3 from B1 with a stable outlook, the highest rating the agency has assigned since the company's 2018 IPO. CEO Michelle MacKay said the upgrade reflects free cash flow improvement, leverage reduction, and earnings growth, with the company outpacing its 3-year targets presented in December 2025.
Key figures
- Revenue
- $10.3 billion
- Offices
- over 350
- Outlook
- Stable
- Countries
- nearly 60
- Employees
- approximately 53,000
- New rating
- Ba3
- Prior rating
- B1
- Rating agency
- Moody's Ratings
AI analysis
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